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I trust binance team, yes it's centralized platform but I just like the team more, Ethereum is decentralized and also a very popular old altcoin but I believe that bnb will be more profitable than Ethereum in few more weeks, this is just a guess, whatever decision you make on here is on you
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There is no way you will do research online about crypto without ending up on Bitcointalk forum, the forum is that popular nowadays, I don't think we need to spread the word about the forum, this isn't the issue with newbies presently, they don't want to learn before making money, they want to make money first and learn later, it's why they always learn when they make bad mistakes
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No matter how long crypto uptrend goes bitcoin will soon start going down and down, this is what everyone should be prepared for because it will happen at one point in time, if you get caught in the bear market it may take you longer to recover just like those in 2017 did, bear market will soon take over
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Coins that are less costly are good for introductions, you can conveniently send to your friends for them to give a try, Dogecoin, Litecoin, XRP, TRON are still very much affordable so you can do some give out to make them develop some interest or not
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How about a biometric kinda verifications? Maybe we see this in the future? Also I want to clear some fact about KYC strategies, some are better than those that only need you to submit identity card or passports, binance KYC is more strict because it allows live KYC verifications, once you click on KYC tab it will direct you to your mobile camera straight, you can't cheat this verification process
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All I know is anything can be cloned in crypto space, it's why its more easy for any person to call themselves developers or blockchain experts nowadays, my advice to all investors is to make sure that the projects they trust have good blockchain experience, they must have worked on some projects in the past
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That's on you to decide, you need to work on how to do good research on projects, Ethereum and bitcoin are very good for a purpose, I recommend seeking out same from any new projects you see, I always prefer projects that brings new thing to the table like Polkadot, avalanche, Aave and others
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If people can actually make money from this forum to survive it ain't a bad thing, the financial condition of many countries are bad, many developers that build projects for investors aren't doing it for nothing sake, they want to make money too and they have to give something in return, whether bounty is a waste of time or not let them seek for answers themselves, there are many bounty hunters that end up quiting for good because they got nothing
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You will always get caught in the mud if you hold unto a new DeFi projects for long unless they are high quality DeFi projects, if you don't know how to detect one is better to treat all DeFi projects as short term opportunities, invest what you can and exit when you've made few profits
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Did not expect that I will create a topic here, but here is my story and I'm asking for an advice.
I'm trying to withdraw some funds from BitGo online wallet. Transfer fee is just killing me. When I try to withdraw around 0.15 BTC, wallet wrote that I have available around 0.12 BTC only. This withdrawal fee seems very high imho. The only option I have is to set "Transaction Priority" (from "High priority (Est. 2 blocks)" to "Custom fee in Satoshi per byte"). Changing transaction priority does not affect the amount available.
Do I understand it right - I do not have any option to get my 0.15 BTC, instead of 0.12 BTC and I all I have is to take this as a lesson?
Since bitgo is online wallet like you claimed you have to abide with whatever fee they ask for, this is a major problem from Centralized wallets and platforms in crypto space, if this bitgo wallet have a recovery seed you could just import into another crypto wallet and adjust the transaction fee yourself |
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If you don't dump some tokens when they still have good value others will dump on you for sure, the only way to make good decision is look how active the projects development is, if the development isn't as good as planned on roadmap you have every right to dump
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Service rendering is more profitable than crypto bounty hunting nowadays, if you have some better experience about softwares or building apps create a topic about that and wait for the right people that might need your service, there are now less interesting new bounty projects in this forum today
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Lol  scammers are really puting in more effort to steal this days, thanks for the warning OP, from fake cloned crypto wallets down to fake websites ads on google, what else scammers? Newbies need to be warn always, we have to keep warning more newbies, this is the only way to have more people in crypto space |
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Late 2017 and early 2018 i was holding lots of coins and tokens from the ico's in that some i really trusted with solution and team (not only me most of crypto community trusted). Now this coins or token became nothing . But some projects i entered to sell for small margin profit these projects given profit . So holding token or coin for long term is meaningless.
It means you aren't good at picking the best projects, every coins and tokens have use cases the difference is some are better than others and some are not even needed at all, you need to work on how you do research on projects and the best coins to hold are popular altcoins, if you are going to new coins go in with limited fund |
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Is the Electrum wallet really one of the best recommendation for bitcoin newbie ?
Tell me what is the reason. Currently I am still using an android phone for daily need and browsing this bitcoin forum.
Electrum wallet is a old bitcoin wallet and it's well trusted because of its popularity, I have never use Electrum wallet before and I've never install to see what it looks like, I began my crypto journey with Copay bitcoin wallet and I love it, the only reason why a bitcoin project can be bad is not giving user their private keys or Mnemonic seed, meaning if anything happens they won't be able to recover their bitcoin |
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Reasons why it's bad to take loans for crypto trading or investments
1. Your mind won't be at peace while taking risk because the fear of losing the money that isn't yours is alive.
2. It's very easy to lose money when trading because crypto is unpredictable
3. You might fail to meet the agreement of the loaner while you are trading, orders can get late to meet sometimes
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I will still choose neo over many new altcoins today, in crypto space old projects are more valuable than new projects, they don't die easily, If truly Neo have lost its touch it would have lose its position on coinmarketcap already, Neo is still a good a buy right now
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There are over 20 different projects sharing names with YFI project and they are all crap projects, it's clear to see that all these new projects are here for money only, I pity newbies who think that these DeFi projects will be like YFI and Uniswap, newbies are so in for fast money and they don't care about doing good research on new projects anymore
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Today If you are a real person and your team members are public you can easily target binance exchange with your funds or just introduce IEO on binance, it's way easier for funded projects this way than non funded projects, for non funded projects it's more challenging and tasking
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2FA is very secured to be honest but that doesn't mean it can't be compromised, 2FA codes are store in smartphones and are backed up by Google account connected to your smartphone, email can be hacked, 2FA access can be moved if you don't keep your phone very private to yourself, think deeply before making any moves, anything can be hacked with just one mistake
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